While PRS Oberoi, chairman of EIH Limited, flagship company of the Oberoi Group that runs the Oberoi chain of hotels, says that the matter of stake sale is under deliberation , sources close to the development told FE that the matter is moving close to Analjit Singh, who controls healthcare services and insurance firm Max India, grabbing another 17% in the company. Currently, Singh holds 9% in EIH and with another 17% in his pocket will become the single largest promoter of the company and will get board representation with veto power. The said move is seen as in favour of ...

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